Mirabella Financial Services LLP acquired a new stake in Polaris Inc. (NYSE:PII - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,884 shares of the company's stock, valued at approximately $511,000.
A number of other institutional investors have also recently bought and sold shares of the business. RWWM Inc. boosted its holdings in Polaris by 377.4% during the fourth quarter. RWWM Inc. now owns 889,698 shares of the company's stock worth $51,264,000 after buying an additional 703,322 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after acquiring an additional 513,542 shares during the period. Norges Bank bought a new position in Polaris during the 4th quarter worth approximately $24,659,000. Capital World Investors increased its stake in Polaris by 6.7% in the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after purchasing an additional 388,050 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Polaris in the fourth quarter worth $21,776,000. Institutional investors and hedge funds own 88.06% of the company's stock.
Analysts Set New Price Targets
PII has been the subject of a number of research reports. Bank of America lowered their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Roth Capital reiterated a "neutral" rating on shares of Polaris in a report on Tuesday. StockNews.com cut Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Morgan Stanley restated an "equal weight" rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, Baird R W downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Polaris presently has a consensus rating of "Hold" and a consensus price target of $50.64.
Check Out Our Latest Analysis on PII
Polaris Stock Performance
Shares of PII traded up $1.20 during trading hours on Thursday, hitting $35.23. The company had a trading volume of 1,326,018 shares, compared to its average volume of 1,087,464. The business has a fifty day moving average of $40.34 and a 200-day moving average of $54.74. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 13.95 and a beta of 1.32. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $90.62.
Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Equities analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.
Polaris Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This is a positive change from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 7.61%. The ex-dividend date was Monday, March 3rd. Polaris's dividend payout ratio is 136.73%.
About Polaris
(
Free Report)
Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.
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